Inv Vk Tr Inv (VGM) to Issue Monthly Dividend of $0.06 on August 31st

Inv Vk Tr Inv (NYSE:VGM) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Monday, August 17th will be paid a dividend of 0.0646 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Monday, August 17th.

Inv Vk Tr Inv Trading Down 0.4%

Shares of NYSE:VGM opened at $10.50 on Friday. Inv Vk Tr Inv has a 1 year low of $9.48 and a 1 year high of $10.66. The business’s 50 day moving average price is $10.37 and its 200-day moving average price is $10.29.

Hedge Funds Weigh In On Inv Vk Tr Inv

A number of large investors have recently added to or reduced their stakes in VGM. Jones Financial Companies Lllp acquired a new stake in shares of Inv Vk Tr Inv in the first quarter valued at about $253,000. Cetera Investment Advisers increased its stake in shares of Inv Vk Tr Inv by 152.5% during the second quarter. Cetera Investment Advisers now owns 60,776 shares of the investment management company’s stock worth $577,000 after purchasing an additional 36,707 shares in the last quarter. First Trust Advisors LP raised its position in shares of Inv Vk Tr Inv by 19.5% during the 2nd quarter. First Trust Advisors LP now owns 18,292 shares of the investment management company’s stock worth $174,000 after purchasing an additional 2,987 shares during the last quarter. Bank of America Corp DE raised its position in shares of Inv Vk Tr Inv by 28.1% during the 2nd quarter. Bank of America Corp DE now owns 434,009 shares of the investment management company’s stock worth $4,119,000 after purchasing an additional 95,282 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Inv Vk Tr Inv by 66.6% in the 2nd quarter. Osaic Holdings Inc. now owns 78,009 shares of the investment management company’s stock valued at $742,000 after buying an additional 31,189 shares in the last quarter. 38.13% of the stock is currently owned by institutional investors and hedge funds.

About Inv Vk Tr Inv

Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations.